【Crypto World】Recent on-chain data is quite interesting. According to the 90-day simple moving average, stablecoins have completely dominated the value transfer game.
USDC transfer volume has reached approximately $124 billion, with USDT close behind at about $68 billion — these two stablecoins alone far surpass all mainstream assets. In comparison? Bitcoin, though expensive, has a transfer volume of only about $81 billion; Ethereum around $7.9 billion; SOL and XRP are at the levels of $9.6 billion and $2.2 billion respectively; BNB is even lower at about $1.6 billion.
The logic behind this data is clear — stablecoins have evolved into the most important on-chain liquidity channels. They are no longer just benchmarking tools but have become the most active assets in the crypto market. Whether it’s trading pairs, cross-chain transfers, or lending activities, stablecoins are infrastructure-level entities.
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MelonField
· 12h ago
Are stablecoins really getting intense? Now even Bitcoin has to step aside? That's a bit outrageous.
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TaxEvader
· 12h ago
The data on stablecoins is indeed astonishing... BTC is clearly more valuable, yet the traffic is being dominated by others. It's really a bit ironic.
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ThreeHornBlasts
· 12h ago
Stablecoins are so strong? Then what are we still hyping up for fake coins haha
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USDT and USDC really have overtaken BTC, it's a bit ironic
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All liquidity is in stablecoins, no wonder exchanges are making a killing
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Wait, what does this mean? Are big players arbitraging?
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Looks like I need to rethink the on-chain ecosystem, stablecoins are the real boss
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Damn, such large transfer amounts, are they all just harvesting retail investors?
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BTC is expensive, but these liquidity stats really slap in the face
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Infrastructure level, sounds like stablecoins have become a necessity
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Remember, you have to convert to stablecoins before trading, no wonder they take such a big share
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This isn't crazy enough yet, it feels like even more insane gameplay is coming
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TopBuyerBottomSeller
· 12h ago
The data on stablecoins is indeed impressive. Even with BTC being so expensive, transfer volumes are still being dominated. It really has become just a tool.
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RugDocDetective
· 12h ago
Why is the stablecoin traffic so intense? To put it simply, everyone is using them as trading pairs, but the real value flow isn't actually there.
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Anon32942
· 13h ago
Stablecoins have indeed become the main arbitrage tool for major players, with USDT and USDC totaling nearly 200 billion, while Bitcoin is no longer enough to keep up.
Stablecoin Absolute Domination: 90-Day On-Chain Value Transfer Data Reveals Market Truth
【Crypto World】Recent on-chain data is quite interesting. According to the 90-day simple moving average, stablecoins have completely dominated the value transfer game.
USDC transfer volume has reached approximately $124 billion, with USDT close behind at about $68 billion — these two stablecoins alone far surpass all mainstream assets. In comparison? Bitcoin, though expensive, has a transfer volume of only about $81 billion; Ethereum around $7.9 billion; SOL and XRP are at the levels of $9.6 billion and $2.2 billion respectively; BNB is even lower at about $1.6 billion.
The logic behind this data is clear — stablecoins have evolved into the most important on-chain liquidity channels. They are no longer just benchmarking tools but have become the most active assets in the crypto market. Whether it’s trading pairs, cross-chain transfers, or lending activities, stablecoins are infrastructure-level entities.